If your car is stolen or declared totaled, your auto insurance company will pay you the actual cash value of the car. Gap Insurance will cover the difference between the actual cash value of the car and your remaining loan balance. Gap insurance will eliminate having to pay the difference (hundreds or even thousands of dollars) and possibly save your credit history.
Gap Insurance is available on new, used and refinanced cars, trucks and SUV’s leased, purchased or refinanced within the past 12 months.
To find out how gap insurance works, visit our website below.
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